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PGNiG receives first LNG cargo under new contract with Cheniere

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LNG Industry,

Polish Oil and Gas Co. (PGNiG SA) has announced that it has taken delivery of the first LNG cargo under the long-term contract it has in place with Cheniere Energy.

The cargo was received at the President Lech Kaczynski LNG Terminal in Swinoujscie, Poland. According to the statement, the long-term contract was signed in November last year, and will total approximately 39 billion m3 of gas over the contract’s 24-year period.

Piotr Wozniak, President of PGNiG Management Board, said: “Two years ago, in this place, together with our partners from Cheniere we greeted the first ever delivery of American LNG to Poland and to this part of Europe. The cargo, purchased as part of a spot transaction, came from Cheniere. Today we are also meeting with our American partners and with today's delivery we are launching the first long-term contract for the purchase of LNG from the USA.

“Our portfolio of contracts with US suppliers covers over 9 billion m3 of natural gas after regasification annually – that is more than we import from Russia. Such a volume strengthens Poland’s energy security, but also gives us the opportunity to actively participate in LNG trading on the global market.”

PGNiG claims that the 165 000 m3 LNG cargo was transported by the Oak Spirit LNG carrier. Once regasified, this equals approximately 95 million m3 of gas. The delivery was the 65th delivery of LNG to Poland since the terminal first started operations.

Anatol Feygin, Executive Vice President and Chief Commercial Officer for Cheniere, said: “This first cargo under our long-term agreement is the start of more than two decades of partnership that will bring reliable, clean, and secure energy to Poland.

“We are honoured to stand with our partners today to welcome this inaugural cargo, which will be followed by many more for years to come.”

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US LNG news Cheniere LNG news LNG import news LNG carrier news